Question
A recent article in Bloomberg Businessweek listed the Best Small Companies. We are interested in the current results of the companies sales and earnings. A
A recent article in Bloomberg Businessweek listed the Best Small Companies. We are interested in the current results of the companies sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below.
Sales | Earnings | Sales | Earnings | ||||||||||||||
Company | ($ millions) | ($ millions) | Company | ($ millions) | ($ millions) | ||||||||||||
Papa Johns International | $ | 96.9 | 5.2 | Checkmate Electronics | $ | 19.2 | 2.6 | ||||||||||
Applied Innovation | 20.0 | 4.6 | Royal Grip | 12.1 | 1.8 | ||||||||||||
Integracare | 18.7 | 1.4 | M-Wave | 20.4 | 3.7 | ||||||||||||
Wall Data | 73.4 | 8.7 | Serving-N-Slide | 53.4 | 8.7 | ||||||||||||
Davidson & Associates | 60.4 | 6.8 | Daig | 29.9 | 6.3 | ||||||||||||
Chicos FAS | 51.4 | 4.4 | Cobra Golf | 69.4 | 13.9 | ||||||||||||
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Draw a scatter diagram.
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On the graph below, use the point tool to plot the point corresponding to the first Sales and her Earnings (Sales 1).
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Repeat the process for the remainder of the sample (Sales 2, Sales 3, ).
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To enter exact coordinates, double-click on the point and enter the exact coordinates of x and y.
Let sales be the independent variable and earnings be the dependent variable. (Do not round intermediate calculations. Round your answers to 3 decimal places.)
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